Align Technology Inc (ALGN)
Debt-to-assets ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total assets | US$ in thousands | 6,214,600 | 6,083,880 | 5,947,950 | 5,942,110 | 4,829,680 |
| Debt-to-assets ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Debt-to-assets ratio = Long-term debt ÷ Total assets
= $—K ÷ $6,214,600K
= 0.00
Based on the provided data, the debt-to-assets ratio of Align Technology Inc has consistently been 0.00 from December 31, 2020, to December 31, 2024. This indicates that the company has not utilized any debt to finance its assets during this period. A debt-to-assets ratio of 0.00 signifies that the company's assets are entirely funded by equity rather than debt, which can be advantageous as it reduces the financial risk associated with high levels of debt. Overall, Align Technology Inc appears to have a conservative capital structure with a strong financial position in terms of debt management.
Peer comparison
Dec 31, 2024